From The Fort Morgan Times (Dan Barker):
The Wiggins Board of Trustees voted to buy a share of the Northeast Colorado Water Cooperative during its monthly meeting Wednesday night. That will cost $2,000.
On any one day, an individual or group with an augmentation plan might have more water credits than the person or group can use or less than it needs, and having the option of sharing credits could help those who are part of the cooperative, said agricultural producer Mike Groves. As it is, if a person or group has excess water credits, the individual or group has to just let it go down the river without use, but the cooperative may change that, he noted.
“It’s something that’s never been done before, but I get sick and tired” of seeing water lost because it cannot be used, Groves said.
Members could transfer water credits to help out those who need them, he said.
Even a little bit of water can make a difference at times, Groves said.
The copperative became official as of Jan. 1, after about seven years of work to put it together, he said. So far, a number of people and groups have become members, said Joe Frank, general manager of the Lower South Platte Water Conservancy District. There are two kinds of members: voting and non-voting, which cost $2,000 or $1,000 respectively for shares. That money becomes capital, and would buy one share of cooperative stock, just like other agricultural cooperatives, Frank said.